Pedro Company has completed its sales budget and has the following projected credit sales:

$17$D

$18$B

$19$D

$200$

$210$

$22$

$23$

$25$

$26$

$27$

Question $22$ of $35$

$3$ points

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$ $40,000$

$ $46,000$

$ $55,000$

$ $58,000$

The company's past records show collection of credit sales as follows: $40\%$ in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be:

January

February

March

April

$$ $$55,000.$

$$ $$51,400.$

$$ $$49,600.$

$$42,400.$